Pirelli, Tronchetti “Occupation saves. Chinese shareholder, head and … – The Messenger

MILAN – It is not an escape from Italy but an opening in the Asian markets. So the president of Pirelli Marco Tronchetti Provera said the transaction with ChemChina, which effectively cambieràil face of Bicocca, and reassures first of all employees.

“The agreement with the Chinese will not have no impact on employment, “writes Tronchetti Provera through the company intranet. Interviewed later claims that “Pirelli has a majority shareholder of China but head and heart remain in Italy. Then continues its journey and is strengthened. ” “In recent days I have warned the prime minister,” says the number one Pirelli talking about Matteo Renzi, “and the reaction has been positive.” Monday is the day, however, the reaction of the market, which continues to push the title as if to bet in a remodeling of the offer by 15 euro. The title on the stock goes to 15.5 euro (+ 1.77%), a price that incorporates the value of the dividend (0.32 euro last year) but still above the price of Opa.

Financial analysts, however, do not seem to see great spaces for new jobs even if the planned spin off all see a potential rise and Mediobanca raises its price target to 16 euro while Credit Suisse integration could bring the value of the shares at 22 euro. Do not miss the comments of politics and finance. Well foreign investors, “rather than businesses that slowly, due to lack of investments, end up growing old and close,” is the voice of the government with Labour Minister Giuliano Poletti. It should, however, always have an idea: “It seems to me that Pirelli did it, to keep his head in this country with a strong national presence.”

“It ‘s not the best but where we find in Italian capital that want contenderla? “, says the president of the management board of Intesa Sanpaolo, GianMaria Gros Pietro. “It is positive that there are investments by foreign capital – says the vice president of Confindustria Antonella Mansi – then we have to put ourselves in a position to create an entrepreneurial activity feasible.”

“The opportunity a partner like ChemChina will allow the company to become bigger and to have a more effective penetration in Asian markets – Tronchetti repeats in his message to employees -. Our factories and more generally the occupation will only benefit, in perspective, the entry of the new shareholder, “says and promises that the group will continue to invest.

” The Chinese partners we appreciate our ability to produce high quality tires and our cutting-edge establishments worldwide. These are our strengths on which we will continue to invest because they allow us to have the leadership and prestige of the segment to be among the leading manufacturers in the premium segment, “says the letter sent to employees. Tronchetti will remain at the helm of Pirelli until 2021 and “will be a growth path that will take time but in which I strongly believe and on which I will work as a manager and as a shareholder.”